Re ends marginally higher at 45.93/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 45.90-96 to a dollar.

Sentiment: Bullish

Even as the dollar gained globally owing to weak German data, the spot rupee reached a high of 45.90/91 after opening at 45.96/98.

Buoyed by dollar sales by corporate, the spot rupee closed at 45.92/93 to a dollar.

The annualised premium for six-month and one-year forward dollars closed at 1.26 per cent and 1.29 per cent respectively.

Money market

Sentiment: Bullish

Moderate borrowing programme and weak home sales data from the US perked up market sentiment.

Prices of government securities moved up by 25-40 paise across maturities

The yield on the 10-year benchmark closed at four month low of 7.56 per cent against 7.62 per cent on Monday.

Call rates continued to rule in the range of 6.40-50 per cent with the RBI absorbing around Rs 15,000 crore

The trading session witnessed volatile trading with banks selling stocks bought earlier in the day.